All the news from Keningtons.
Keningtons Valuation Team are instructed on several portfolio valuations for investor clients following the removal of the CGT exemption on commercial property held by non-UK residents. Formal valuations prepared round the base date (6 April 2019) will be beneficial in any discussions with HMRC on future disposals. For any enquiries please contact Jill Howells.
Keningtons Building Surveyors have recently completed a residential pre- acquisition survey in Greenwich, South East London. The property is a self-contained flat set within a Conservation Area and is part of a number of residential units designed and constructed by the ex RIBA president Eric Lyons CBE. Using modern design and materials the post war modernist property utilities cross wall construction techniques with open plan living and large sized fenestration. For further information please contact Tony Rellis, Head of Building Surveying.
Keningtons Building Surveying have successfully handed over a major internal refurbishment scheme in Clapham. The scheme involved the renewal and upgrade of floor finishes, ceilings, washrooms, joinery, heating and cooling systems along with a new receptions area, new fire detection system and access control along with comprehensive decoration, tiling and lighting schedule throughout the building.
The works were phased over 3 contracts at a cost of c.£2.5M and involved a gross internal floor area of approx. 6000 sq m.
For more information please contact Tony Rellis
The Swindon office have been instructed to sell a mixed retail, office and restaurant investment in Devizes, Wiltshire.
The courtyard development is fully let to a total of 12 tenants producing an annual rental income of £185,000, 23% of which is secured from two national charities with excellent covenants.
Further information available from Jeremy Sutton in the Swindon office.
Acting on behalf of the University and College Union the Swindon office have acquired a 2,934 sq ft first floor office suite in Brittany House in Exeter City Centre. The suite has been taken on a new 10 year lease with 5th year tenants option to break. UCU will be undertaking a fit out before relocating staff from their current premises in Exeter.
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